Consensys Launches Linea Association to Drive Decentralized Growth of the zkEVM Network

Consensys has announced the launch of Linea Association, an independent Swiss non-profit organization, to drive the growth and development of Linea, a knowledge-free Ethereum Virtual Machine (zkEVM) layer 2 suite.

The partnership will focus on advancing Linea’s open source technology and governance, as well as the Linea Mainnet. This move represents a step towards the decentralization of the Linea network.

According to the official blog post, the Linea Association will serve as the governance administrator within the Linea ecosystem, ensuring both “technical and social alignment.” A key component of the association’s role will be token holder governance, with plans to launch the LINEA token by the end of the first quarter of 2025, which will allow holders to participate in governance decisions.

While a snapshot for token distribution has yet to be announced, Linea has already attracted more than 1.3 million verified addresses. The distribution of LINEA tokens will be done through a Token Generation Event (TGE), with plans to expand the utility of the token beyond governance in the future.

The Swiss-based partnership will manage Linea’s intellectual property and treasury, supporting the development of the ecosystem and other projects based on Linea technology.

Commenting on the development, Consensys CEO Joseph Lubin said:

“As Consensys moves toward decentralization, Linea represents a fundamental step in our vision to create a network state for the emerging decentralized global economy, one of many overlapping network states we hope to participate in. By By decentralizing critical elements of our ecosystem, such as governance, infrastructure and community empowerment, we aim to foster a more resilient and transparent web3”.

The Linea Association will operate under a multi-layered governance structure, which includes a Board of Directors, a General Assembly, employees who report to an Executive Director and a representative governing body. The Association is independent of Consensys.

Linea is a relatively new zkEVM consolidation network that launched last July and hit the mainnet a month later. According to the Texas-based company, the Linea ecosystem has grown its network of partners from 150 in August 2023 to more than 420 in November 2024.

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